We often get asked questions about qualifying and what payments need to be included, especially when the person has an Installment Debt that will be paid off that year. Buying a home, and getting a mortgage is going through one of those periods of time where Agencies (Fannie and Freddie) are now
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01/23/2018
There are some new guidelines coming in January for First Time Home Buyers with Student Loan Debt. In January of 2018 Freddie Mac will begin requiring us to count either your Student Loan payment, OR .5% of the balance, which ever is higher This is a change from the current guideline that allow
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01/03/2018
Veterans who have eligibility for a VA Home Loan need to understand the “essence” of the credit requirements set out by the Veteran’s Department. The VA Doesn’t make these loans, they simply guarantee that if the lender meets the underwriting guidelines in approving a VA Home Loan, then the Vete
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12/06/2017
Equity Resources, Inc. is offering Veterans and Active Military a FREE APPRAISAL on a home purchase or refinance for the month of November 2017! The Free Appraisal is valid for Veterans or active military members who apply 11/1/17 – 12/1/17 and close before 1/5/18 with Equity Resources, Inc. Our
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11/29/2017
Many of our clients are hyper focused on their credit report and their credit scores because they want to buy a home in NC, and they need to get their scores to the point where that dream of owning a home becomes a REALITY!A credit report is just a complete accounting of your credit history, and
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11/17/2017
Our Construction Loan basic guidelines are significantly different than other places. We offer fixed rate, 30 year loans, many of our competitors only offer 15 year or Adjustable Mortgages. We will allow you to put as little as 10% into the transaction, most of our Construction Loan competition
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11/08/2017
Many of the Veteran’s buying a house in North Carolina want to use their VA Home Loan benefits to buy a house that’s a little further out, has some land and in some cases is “older.” The VA does not have a restriction on the actual age of a home they will ensure with a VA Loan. So, buying an ol
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11/01/2017
If you want to find a Builder to build your home on a lot, how do you do that? One way is to have the Builder take out a mortgage, and in that situation, you normally have to make a pretty sizable deposit with the builder, often times it’s at least 20%. IF you own the lot, you might have to sig
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10/25/2017
There are several different ways to finance a new custom home, most commonly, you would pick out a lot, and find a Builder who will build the home to your specifications. This “Custom Home” loan, or construction loan, would be in your name – and the builder would receive “draws” or lump sum amou
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10/18/2017
We have looked at several studies done near the end of 2016 that ranked the "Best Suburbs For First Time Home Owners Near Raleigh," and while we think most of them are spot on, we disagree with a few. If you are considering a move to the area, you might like to get a perspective from folks who l
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10/10/2017
